Nifty futures on Singapore Exchange traded 17 points, or 0.11 per cent, lower at 15,678 signaling that Dalal Street was headed for a negative start on Friday.
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While concerns remain over the record rise in daily Covid cases, domestic stocks may see a positive start in Friday’s trade, tracking gains in other Asian markets, thanks to upbeat jobless data in the US overnight. FPIs have turned net buyers of equities for the first time this month. The technical setup on the daily chart, though, requires indices to take out immediate hurdles for a sustained show.
Here s breaking down the pre-market actions:
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 71.50 points, or 0.48 per cent, higher at 14,868.50, signaling that Dalal Street was headed for a positive start on Friday.
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A 3 lakh-plus Covid case count for a second day, concerns over the economic impact of lockdowns, weakness in the rupee and an overnight drop in US stocks are likely to hit sentiment on Dalal Street on Friday. Most Asian markets traded higher in early trade, and technical charts for the domestic indices are hinting at a recovery ahead.
Here s breaking down the pre-market action:
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 82 points, or 0.57 per cent, lower at 14,320 in signs that Dalal Street was headed for a negative start on Friday.
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